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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 10.55+4.5%10:56 AM EDT

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From: E_K_S12/20/2019 9:07:46 AM
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Barnes to sell its Seeger-Orbis business
Dec. 20, 2019 9:05 AM ET|About: Barnes Group Inc. (B)|By: Jignesh Mehta, SA News Editor

Barnes (NYSE: B) has entered into a definitive agreement to sell its Seeger-Orbis business to the Kajo Neukirchen Group.

The transaction is expected to close in the 1Q20. Financial terms of the agreement were not disclosed.

Seeger develops and produces a comprehensive range of retaining rings, fasteners, snap rings and shims and generates annual revenues of ~$60M.
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